{"id":50483,"date":"2021-10-01T11:28:55","date_gmt":"2021-10-01T08:28:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50483"},"modified":"2025-09-02T18:16:24","modified_gmt":"2025-09-02T15:16:24","slug":"australian-crypto-exchange-independent-reserve-gains-mas-license-in-singapore","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/australian-crypto-exchange-independent-reserve-gains-mas-license-in-singapore\/","title":{"rendered":"Australian crypto exchange Independent Reserve gains MAS license in Singapore"},"content":{"rendered":"<p>The Australian-based cryptocurrency exchange Independent Reserve has received a license from the Monetary Authority of Singapore (MAS) to operate as a <span data-descr=\\\"virtual asset service provider\\\" class=\\\"old_tooltip\\\">VASP<\/span>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We are pleased to announce we are the first regulated crypto exchange available to everyone in <a href=\\\"https:\/\/twitter.com\/hashtag\/Singapore?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Singapore<\/a> \ud83c\uddf8\ud83c\uddec.<a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptocurrencies?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptocurrencies<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptocurrencies?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptocurrencies<\/a> <a href=\\\"https:\/\/t.co\/hqQNMh6heG\\\">https:\/\/t.co\/hqQNMh6heG<\/a><a href=\\\"https:\/\/t.co\/1nshqjcl2S\\\">https:\/\/t.co\/1nshqjcl2S<\/a> <a href=\\\"https:\/\/t.co\/K9tzuy6lZX\\\">pic.twitter.com\/K9tzuy6lZX<\/a><\/p>\n<p>\u2014 Independent Reserve (@indepreserve) <a href=\\\"https:\/\/twitter.com\/indepreserve\/status\/1443735682267037722?ref_src=twsrc%5Etfw\\\">October 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>According to the press release, the license will allow Independent Reserve to accelerate its growth in Singapore and to provide services in accordance with local law.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&ldquo;A well-regulated environment will benefit investors as well as stakeholders in the crypto industry,&rdquo; the statement said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Representatives of the trading platform also said that they had become one of the first virtual asset service providers to obtain full authorization to operate in Singapore.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier MAS <a href=\"https:\/\/u1f987.com\/en\/news\/singapore-warns-investors-about-binances-unregulated-activity\">listed the Bitcoin exchange Binance in the &#8216;Investor Alert List&#8217;<\/a>. The regulator stressed that it does not supervise its activities.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier in September Binance announced that <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-ban-singapore-dollar-use-on-its-platform\">it would ban the use of the Singapore dollar<\/a> in operations on the platform, and would also remove apps from regional App Store and Google Play.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The head of the company Changpeng Zhao urged Singaporean clients to use the Binance.sg platform, which is owned by Binance Singapore. It has submitted an application to MAS for a license and is currently operating under the exemption provided by the Payments Services Act.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>From 26 October 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-restrict-singaporean-users-from-several-services-starting-oct-26-2021\">Binance will close to Singaporean users<\/a> access to a range of services on its platform.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian-based cryptocurrency exchange Independent Reserve has received a license from the Monetary Authority of Singapore (MAS) to operate as a virtual asset service provider.<\/p>\n","protected":false},"author":1,"featured_media":50484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,36,946],"class_list":["post-50483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-regulation","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50483"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50483\/revisions"}],"predecessor-version":[{"id":50485,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50483\/revisions\/50485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50484"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}